23 November 2017

PPC turns down Fairfax’s unfair offer

An independent board says it won’t recommend the deal as it's not fair and reasonable.

Sibanye and DRD partner on surface tailings deal

The deal will allow SibanyeStillwater to leverage off DRDGold’s proven surface treatment capabilities.

Scorpio: The Makwakwa Dossier, Part One – Moyane, Hogan Lovells and the investigation that never really was

Jonas Makwakwa's disciplinary process seems so tailored that it borders on the realm of being cooked. Tom Moyane tried his utmost to keep the facts and...

Tsogo Sun wins on hotels, loses on the tables

The hotels and gaming group says casinos are under pressure due to the weak economy.

Arrowhead bearish on property sector prospects

The real estate investment trust is forecasting a 6.5% decline in dividends next year.

Op-Ed: Beware ‘Crocodile’ Mnangagwa – Zanu-PF is not renewing, it is a snake shedding its old skin

Those who believe Robert Mugabe should be punished for crimes against humanity and stand trial, I agree with you. If you believe that then you must...

22 November 2017

Life Healthcare in talks as it reports profit slump

The group says it wants to transform from a South African focused acute care group to an international diversified healthcare provider.

Coronation’s assets start to turn around

The fund manager has yet to see the positive impact of its re-opened SA Equity and Multi-Asset portfolios.

ANC Leadership Race: Dlamini Zuma and Ramaphosa seek support in Mpumalanga

The ANC's presidential battle will soon come to a head in Mpumalanga, the ANC's second largest province and possibly the most important in determining which way...

Rhodes gets canned by stronger rand

The food group has been hurt by rand strength and the drought in the Western Cape.

Transaction Capital accelerates on minibus taxi demand

The taxi financier says minibus taxis are resilient as the main means of transport in South Africa

SassaGate: CPS accused of making R614m more than declared on grants

Cash Paymaster Services, a subsidiary of Net1 UEPS, told the Constitutional Court in May that it made R1.1-billion profit over five years delivering social grants. A...

Evita's Free Speech: Ep.117 – Evita draws a line in the sandbox of power (Video)

Evita Bezuidenhout celebrates 20 years of her Darling venue Evita se Perron with a weekly episode of 'Evita's Free Speech'. Here's the Episode 117. By PIETER-DIRK...

21 November 2017

Mr Price styling as its apparel division recovers

Mr Price said a turnaround at its apparel division and Miladys, as well as strong growth in its in-store card MRP Money, helped lift earnings.

Pioneer hit by drought-induced maize hedge

Pioneer Foods has revealed the full impact of an unfavourable maize contract it entered during the recent drought in the north of the country.

Netcare takes a turn for the worse due to UK hospitals

The hospitals group faced large write-downs and weak trading conditions in South Africa and the UK.

Much of our current euphoria in Zimbabwe is misplaced

The message to the Zimbabwe Defence Force must now be - thank you for cleaning up the mess you created but you must now return to...

Astral remains cautious as it bounces back from drought

Poultry prices remained stable over the winter, while feed costs fell, resulting in a big improvement in Astral’s earnings.

Barloworld benefits from uptick in mining demand for its Caterpillar trucks

The group has reported a rebound in mining and infrastructure activity, but its logistics business is under pressure.

The week ahead

Last week was a tumultuous one in southern African politics, as Robert Mugabe’s ruinous 37 year-old reign was brought to an end by the Zimbabwean military.

20 November 2017

Naspers rides on Tencent’s coattails

Naspers is in for a bumper first-half, thanks to strong quarterly growth at its Chinese gaming and Internet associate, Tencent Holdings.

Deneb to take a loss as it cleans up its portfolio

The investment holding company is restructuring loss-making operations

Zimbabwe: Mugabe’s exit strategy on the high-level negotiation table

Embattled Zimbabwean President Robert Mugabe and the military officers who toppled him from power early on Wednesday seemed to be locked in long and bitter negotiations...

Redefine International tops up Hotels stake

Redefine International has increased its stake in International Hotel Properties to 74.1% through the purchase of Redefine Properties’ 15.2% holding in the group.

ANC Leadership Race: Desperate moves at branch level as clock ticks to December

Less than a month stands between sometimes chaotic branch meetings, a rising number of disputes, a consultative gathering by angry party veterans, and the ANC's much-anticipated...

NEPI Rockcastle €500 million bond offering oversubscribed

The property investors plans to use the proceeds for general corporate purses and acquisitions.

State Capture: HSBC continues to investigate its links to Gupta family

HSBC will continue to review the bank's exposure to alleged money laundering of the proceeds of State Capture in South Africa by the Gupta family. This...

17 November 2017

Mediclinic running out of time for Spire offer

he private hospitals group has to announce a firm intention by Monday evening or walk away.

Investec weathers tough economies in SA and the UK

The group’s interims results have been flattered by the rand’s relative strength.

Woolworths hurting down under

Sales at David Jones have fallen, partly due to store refurbishments, while non-food sales in South Africa are also down.

Sappi wraps up an improved 2017

Sappi is seeing the benefits of growth in its dissolving wood pulp and speciality packaging businesses.

Who’s doing what in the South African & African M&A space?

Your weekly M&A Pulse: News on JSE-listed, unlisted and companies in Africa.

Corporate finance activity of the week

Your corporate finance activity of the week includes Investec Australia, Old Mutual, Interwaste, Sirius Real Estate and Sandown Capital among others...

Thorts - Hidden Costs

While it's unlikely that a company changing hands would deliberately conceal any employee costs and liabilities from potential buyers, due to the buyer's unfamiliarity with the...

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